Understanding Business Structures for Small Business Owners in Alberta | Money Mentors

Описание: Choosing the right business structure is one of the most important decisions an entrepreneur can make. Your structure affects your taxes, liability, funding opportunities, and long-term growth. In this webinar, Money Mentors CEO Stacy Yanchuk-Oleksy walks Alberta entrepreneurs through the basics of business structures so you can make informed decisions for your business.

Here’s what you’ll learn:
✅ The pros and cons of sole proprietorships (simple, low-cost, but with personal liability)
✅ How partnerships work—including shared ownership, partnership agreements, and risks
✅ Why incorporating creates a separate legal entity with limited liability and potential tax advantages
✅ Other business structures in Alberta: cooperatives, nonprofits, and limited partnerships (LLPs)
✅ Key considerations when choosing your structure—business goals, taxes, liability, and growth plans
✅ Why it’s smart to seek professional legal and accounting advice before deciding

This webinar was made as part of our FRESH program, sponsored by TD Bank. Find out more here: https://moneymentors.ca/fresh-small-b...

📌 Learn more about financial literacy, debt solutions, and small business support in Alberta at: https://moneymentors.ca

Timestamps
0:00 Intro
0:20 Why business structure matters
0:28 Sole proprietorships explained
1:05 Partnerships explained
1:35 Corporations explained
2:02 Cooperatives & nonprofits
2:33 Limited partnerships (LLPs)
2:34 Choosing the right structure for your business

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